Member Info for Lupidog

It is just a lifestyle for all involved. We get played they get paid.

Probably the best way to make money on here is to have a sweep-stake on how many trades there will be today. I'll go for 7.

https://www.nae.net.au/wp-content/uploads/2020/12/Aeromagnetics-Highlights-Hemi-Style-Gold-Targets.pdf

I think Sammys numbers (however accurate) highlight that LCCM was never going to produce a bumper pay day for the mcap. It may well project us back to the equivalent of where we were 3 years ago. Given the increase in shares since then, IMO that would be around 1.5 to 1.8p. LCCM was always put forward as a second income stream to fund SML and not the holy grail. We would have to see Redmoor progress or find another project for that.

Math is not my strong point when Gin is involved. 8.5 trading days until 2021.

They haven't amended/updated their " the Company feels confident that an approval will be forthcoming before the year end". So I guess we will find out very shortly what effect the PEPR will have on the SP. I wouldn't want to be out of this between now and New Year with 6.5 trading days until 2021. Interesting times. DX1RAE in the mail.

Do you know the percentage of copper in our copper cement? 60% to 90% range is (as I read online) "normal". So you would have to adjust your pricing to accommodate the price of copper cement rather than copper.

Thu, 10th Sep 2020 07:13
RNS Number : 5958Y
Strategic Minerals PLC
"Leigh Creek Copper Mine ("Leigh Creek", "LCCM" or the "Project"), has formally lodged with the South Australian government its Program for Environment Protection and Rehabilitation ("PEPR") in relation to its planned operations in accessing the Paltridge North deposit."
"Given the level of detail reviewed in the draft submission and the encouragement received to date by the South Australian government, the Company feels confident that an approval will be forthcoming before the year end"

And that talk ended with us now down to less than 10 trades a day. I think they may be too interested in their other companies. We have gone out of vogue.

We would need a pep talk first. One of the BoD would have to go onto Proactive and wish us a Merry Xmas and Happy New Year and reassure us that their only focus was shareholder value.

Could we all buy a share each, just to make it look like SML is still trading?

Well, we need money to move forward. Perhaps Mustang would consider LCCM with a PEPR. AB and PW would have to have a long chat with themselves to satisfy DD, before making an offer on their own asset.

It is an "if". So perhaps we should hold off on the "AB selling himself one of his own assets yet again" comments. As he may be perfectly innocent and we are just jumping to assumptions.

Prop. Would your below also apply to Must purchasing NAE?
"Surely such a nefarious move would be deemed to be market-ombudsman-unfriendly: Mustang and SML both have the same two seniors - conflicts of interest, and all that."

If you are correct then we must applaud our BoD for making themselves richer and richer, while giving us "shareholder value". They take full time large company bonuses yet give us a fraction of their attention, due to having fingers in so many pies.

Thank you. That is really bad as it may lead people to make investment decisions under false pretense.

Thank you trout. My bad for taking LSE at face value.

They might be tempted if they can (as a clean shell) raise the finance to move LCCM and Redmoor forward. Who would benefit if they offered to buy us at 0.09 (twice our current sp). The directors here would double their money and also get their own assets at an increased value with financing to move forward. Win Win for the BoD.

Is the mcap here wrong. The company says 8.4m shares in issue giving an mcap of £1.2m and LSE above says 84m with an mcap of £12m. Which is correct please guys?

pops "When", would IMO be before the PEPR for LCCM is approved. As if it is, that would swing the door wide open for finance/Investors or a JV. The PEPR would take about 6 - 8 weeks for a decision if you go by the other copper PEPR timings @ https://energymining.sa.gov.au/minerals/mining/approved_peprs
This come from:
RNS Number : 6411E
Strategic Minerals PLC
09 November 2020
"LCCM has submitted a PEPR for mining Paltridge North and it is LCCM's expectation that this will be granted and mining will commence in 2021 subject to the receipt of financing. Mining of the Paltridge North deposit is expected to take approximately 13 months although the recovery of all the copper via the heap leach process will take around 5 years with the majority processed within the first 18 months."